Home » Archive

Articles in the Innovation Category

Book Nuggets, Innovation »

[9 Jun 2008 | 3 Comments | ]

What is your business?  What will it be?  What should it be? In The Essential Drucker: The Best of Sixty Years of Peter Drucker’s Essential Writings on Management, Peter F. Drucker writes about asking what your business is, will be, and should be to avoid spending your energy defending yesterday and instead, spend your energy exploiting today and the future.  
What Should Your Business Be
Drucker writes that you should aim to figure out how to modify, extend and develop your business:
What will our business be?  Aims at adaption to anticipated changes.  …

Book Nuggets, Innovation »

[7 Jun 2008 | 6 Comments | ]

What leads to the downfall of established companies?  In The Essential Drucker: The Best of Sixty Years of Peter Drucker’s Essential Writings on Management, Peter F. Drucker writes about five bad Entrepreneurial habits that let small companies leapfrog over the big companies.
The Five Bad Entrepreneurial Habits
According to Drucker, the five bad habits are:

NIH (Not Invented Here)
“Cream” a market.
The belief in “quality.”
The illusion of the “premium” price.
Maximize rather than optimize.

The Downfall of Established Companies
Drucker writes how the bad habits let small companies use Entrepreneurial judo:
There are in particular five fairly common …

Book Nuggets, Innovation »

[26 May 2008 | One Comment | ]

According to Michael E. Gerber, Innovation, Quantification, and Orchestration are the backbone of every extraordinary business.  They are the essence of your Business Development process.   In The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It, Gerber explains how Innovation, Quantification, and Orchestration are key to your business development process.
The Three Part of a Business Development Process
According to Gerber, the three parts of the business development process are Innovation, Quantification, and Orchestration.
Building the Prototype of your business is a continuous process, a Business Development Process.  …